The World Bank has classified the economies of the world on the basis of income and region for the year 2006. This is a classification of all the member countries of the and other economies with populations more than 30,000. The groups made are as follows:
Lower Income Economies (with $825 or less)
Lower Middle Income Economies (With $826-3,255)
Upper Middle Income Economies (With $3,256-10,065) and
High Income Economies (With $10,066 or More)
Classification is made among the income groups as to 2004 GNI per capita and regions by using the World Bank Atlas Method.
2) The People’s Bank of China surprised the markets with rate cuts last Friday
3) Malaysia cut fuel subsidies just days after Indonesia’s new President Joko Widodo took similar measures
4) Nigeria devalued the naira, moving the peg rate and widening the band around that rate to +/- 5% from +/- 3% previously
5) Joaquim Levy will be the new Finance Minister for Brazil
Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Chancellor of the Exchequer of the United Kingdom from 1992 to 2007. Prime Minister of the UK between 2007 and 2010. Inaugural 'Distinguished Leader in Residence' at New York University. Advisor at World Economic Forum
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.
Mario I. Blejer is a former governor of the Central Bank of Argentina and former Director of the Center for Central Banking Studies at the Bank of England. Eduardo Levy Yeyati is Professor of Economics at Universidad Torcuato Di Tella and Senior Fellow at The Brookings Institution.
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